CYPRESS Semiconductor (CY) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CYPRESS Semiconductor (CY)

CY 23.82

0.0%

Apr 16 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: DJBEINO who wrote (2236)	7/21/1999 10:25:00 AM
From: Spartex	Read Replies (1) of 2694

Thanks DJ. Appreciate the news, and glad to get further bullish confirmation on CY going into YR2000(below) with comments by Dan Niles of BancBoston. Great to see Morgan Stanley upgrade and $28 target too. Regards, QuadK Jul 21, 1999 Cypress Semiconductor: Buy on the News as Well by Jade Liou 7/21/99 Tuesday was not a good day for semiconductor stocks, including shares of Cypress Semiconductor (NYSE:CY - news) . Its shares fell $0.75, or 3.8% to $19.38. This happened on the same day that the maker of chips used mostly for the fast-growing networking and communications market, reported a 44% rise in earnings, $0.14 per share before goodwill costs related to acquisitions. Consensus estimates were around $0.12 per share. Last year, Cypress lost $0.07 per share. Given that its stock had just doubled in just three months after bouncing around but going nowhere for 1½ years, is this as good as it gets for Cypress? No, say analysts. "Though we believe the current quarter will have some upside to our current estimates, the real surge should come in late 1999 and especially 2000," says Daniel Niles at BancBoston Roberston Stephens. fnews.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next